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Carnival Hits Highest-Ever Quarterly Booking Volumes, but Is the Stock a Buy?

Carnival Hits Highest-Ever Quarterly Booking Volumes, but Is the Stock a Buy?

In fact, it was the cruise company's best-ever quarter for booking volumes in its history. Carnival delivered $4.4 billion in revenue in the first fiscal quarter, which represents 95% of revenue levels in the first quarter of 2019. With capacity now 4.5% above 2019 levels, CEO Josh Weinstein said during the first-quarter earnings call that he expects Carnival to reach "historical occupancies" by this summer.